Dominica Offshore Company Formation

Dominica Offshore Company (IBC)

Dominica International Company Registration Package

Includes:

1. Government Registration Fee (First year)
2. Registered Office Address (First year)
3. Registered Agent Services (First year)
4. Company Secretarial Maintenance
5. Certificate of Incorporation
6. Memo & Articles of Association
7. Appointment of 1st Directors
8. Consent Actions of the BOD
9. Share Certificates
10. Register of Directors
11. Register of Officers
12. Register of Shareholders
13. FREE Phone and/or email consultations

Dominica Company Requirements to Incorporate

There are very few requirements in order to set up a Dominica IBC:

• A single individual can set up an Dominica IBC with just one director and one shareholder to set up an offshore company (the director can be the same person as the shareholder)
• Certified copy of identification pages of passport
• Police clearance certificate

Dominica Company Corporate Taxation

Individuals and companies interested in establishing a Dominica offshore IBC benefit from a number of tax incentives including:

• Tax exemption from all taxes for a minimum period of twenty years
• Tax exemption from all income generated through an IBC including dividends, royalties, capital gains, inheritance, and rents
• There are no exchange controls on the movement of funds by IBC's and there is unrestricted operation of bank accounts
• Dominica is not party to any double tax treaties

Dominica Company Formation Corporate Details

Privacy

The IBC Act makes it an offence for anyone to reveal any information regarding a Dominica corporation, except under criminal investigations through a court order. The affairs of any offshore IBC can only be looked into when its principal is found guilty of a crime in his/her country of residence and only if that offence is deemed criminal in the offshore jurisdiction had the same act been committed there.

Tax Treaties and exchange of information

Double Taxation Treaties have been signed with:

Switzerland, Antigua and Barbuda, Barbados, Belize, Grenada, Guyana, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago, Australia, Belgium, Canada, Denmark, Faroe Islands, Finland, Greenland, Iceland, Netherlands, New Zealand, Norway, Portugal, Sweden, UK, and USA.

Exchange controls

There are no foreign exchange controls and the US dollar is allowed to circulate freely throughout the economy.

Type of Law

Dominica’s legal system is based upon British Common Law.

Principal Corporate Legislation

• International Business Companies (IBC) Act 1996
• Companies Act 1994

Other Offshore Legislation

• International Exempt Trust Act 1997
• Offshore Banking Act 1996

Restrictions to Business Activities

An IBC is restricted from conducting business in Dominica as well as any activities that include real estate banking, trust, or in insurance sector unless the appropriate license is granted.

Corporate Business Relations Allowances

• Make and maintain deposits in Dominica
• Engage professional services in Dominica
• Hold shares, debt obligations or other securities in a company owned by a resident, locally registered company or one incorporated through the Local Companies Act.

Powers of Company

An IBC is given all rights, powers and privileges of an individual.

Name Restrictions

Restricted names are any that suggest the patronage of the Royal Family, the government, political party, university, professional association, or any names that may considered to be objectionable or that have already been taken.

Language of Name

Any language or alphabet, but if not in English a translation is required.

Suffixes to Denote Limited Liability

An IBC name must indicate Limited Liability, ex. Ltd, Corp.

Documentation Requirements

Copies of Articles of Association, Memorandum of Association, and Certificate of Incorporation, must be kept at the Registers office, though the register is not available to the public.

Shares

Shares may be issued: with or without par value, can be issued as registered or in a bearer form, can be issued for consideration other than money and without par value.

Incorporation time frame

1-2 working days

Dominica IBC Company Formation with Offshore-Protection

Join thousands of satisfied clients who have experienced the Offshore-Protection advantage for more than 18 years. When you purchase any offshore company formation product from us, you'll get FREE support from our lawyers to help answer your overseas company day-to-day management questions.